The Choice Channel

“Oracle Corp. Chief Executive Larry Ellison pulled the plug on a planned $115 million gift to Harvard University, a company spokesman said Tuesday. Oracle spokesman Bob Wynne said Ellison canceled the gift because Lawrence H. Summers stepped down as Harvard president this month after a stormy tenure at the university. Summers announced his resignation in February, but was embroiled in controversy throughout 2005. Wynne said Ellison began to reconsider his donation when it appeared that Summers would step down. ‘It was really Larry Summers’ brainchild and once it looked like Larry Summers was leaving, Larry Ellison reconsidered,’ Wynne said. ‘It was Larry Ellison and Larry Summers that had initially come up with this notion.’” (06/27/06)